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NRI LOANS & ADVANCES
Housing Loan Home Improvement Loan
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  Loans to fulfill your dream....
... to own a home...sweet home . !


Planning to own a home is one of life's most rewarding challenges.
Plan building a home / buying a flat.
Leave the financing to us. We have the right housing finance scheme for you..


Purpose:
For construction / purchase / repairs / additions / renovations of residential house / flat including the purchase of land and construction thereon.For taking over of the Housing Loan liability with other recognized Housing Finance Companies, Housing Boards, Co-operative Banks and Commercial Banks at our prevailing low rate of interest.

  Eligibility:
  • Salaried individuals, individuals engaged in business / professionals and self-employed persons.
  • NRIs are also eligible to avail loans without specific permission of RBI.

    •   How much you are entitled to :
      We finance upto:
      • For NRIs up to 2 years' gross income and selectively up to 3 years' gross income.

        What is your contribution?

       

      New house / flat
      (including those for purchase of site & construction of house thereon)

      :15%

       

      Old house/flat

      :20%

       

      For second or more houses

      25%



        Please visit our interest rate section.

        Security:
      Mortgage of House / Flat

        Repayment:
      In convenient equated monthly instalments upto 20 years.

        Processing Charges:
      0.50%of the loan amount minimum of Rs. 500 and max of Rs. 10,000 and no hidden cost. No application fee.
        Prepayment Penalty:
      2% on the outstanding liability in case of transfer of Housing Loan Accounts to other banks/ housing finance institutions.

        Documents / Formalities :
      • Stipulated Loan Application with 2 passport size photos of applicant / guarantor
      • Sale Deed
      • Agreement for Sale
      • Copy of the approved plan for the proposed construction / extension / addition
      • Detailed cost estimate / valuation report from Bank's Panel Chartered Engineer / Architect
      • Allotment letter of Co-operative Housing Society / Apartment Owners' Association / Housing Board / NOC from the Society / Association / Builders / Housing Board
      • Legal Scrutiny Report, EC for the past 13 years, Property Tax paid receipt, Khata and permission for mortgage, wherever necessary
      • Salary Certificate and Form No.16 (in case of salaried persons)
      • IT Returns filed for the past two years (in case of non-salaried persons)
      • A brief note on the nature of business, year of establishment, type of organization, etc.,
        (in case of self-employed)
        Balance Sheet and P&L Account for the past three years (in case of self-employed)
        Contact your nearest branch
      Scheme available at all the branches of the bank.
      For details, please contact our branch nearest to you.
         
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      CASH WITHDRAWAL IN OTHER BANK ATMs : As per the advice / directions of IBA, five free cash transactions per month is allowed in other bank ATMs for Savings Bank Customers w.e.f. 15th Oct 2009. Also, the maximum withdrawal limit per transaction is Rs.10,000/-. || Notice to existing customers and new customers on KYC compliance. Click Here

       
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